How To: Record Transit Money in EvolveGo

Modified on Tue, 19 Nov at 9:43 AM

Introduction

While EvolveGo does not have a dedicated Transit Money register, you can still effectively track and report on Transit Money transactions by using the Safe Custody feature. This guide outlines the steps to achieve this.

Step-by-Step Instructions

Create a Safe Custody Packet:
- Set up a Safe Custody packet specifically for Transit Money in your firm’s records.
- Name the packet clearly to distinguish it from other Safe Custody items.

Document Each Transit Money Receipt:
- For each receipt, create a new document in the Safe Custody packet.
- Select "Transit Money" as the Document Type.
- Enter all relevant details, such as the cheque number, in the description field.

Use consistent naming and details to simplify tracking.

Hand Over Cheques to Third Parties:
- When handing over a cheque, update its status to "Removed from Safe Custody."
- Record the recipient and date for audit purposes.

Further Information

It is also possible to report on the status of the Transit Money items via the 'Safe Custody - Full List' report and using the available filters.